The AUD/USD pair broke higher during the course of the session on Wednesday, as we continue to see quite a bit of bounce at the 0.70 handle. However, there is a significant amount of resistance just above...
The AUD/USD pair initially fell during the course of the day on Tuesday, breaking well below the 0.70 level to test for support. We found quite a bit there, and ended up turning back around to form...
The AUD/USD pair went back and forth during the course of the session on Monday, showing that there is quite a bit of confusion in this market. With that being the case, we think that there is...
AUDUSD has been trending higher lately, moving inside an ascending channel on its 1-hour time frame. Price is currently testing support at the .7100 major psychological level and might be due for a bounce to the top....
AUDUSD’s bounce from 0.6826 extended to as high as 0.7242. Further rise to test 0.7439 resistance is possible next week. However, as long as 0.7439 resistance holds, the price action from 0.6907 could be treated as consolidation...
The AUD/USD pair broke down and below the bottom of the shooting star from the previous session on Friday. This is a very negative sign, and as a result it looks as if the market is ready...
The AUD/USD pair rallied during the session on Thursday but pullback enough to form a bit of a shooting star. The shooting star sits right at the 0.72 handle, and of course the previous uptrend. Because of...
The AUD/USD pair fell during the day on Tuesday, as it looks like we are starting to roll over a little bit. Because of this, we are sellers on a break down below the bottom of the...
AUDUSD broke above 0.7050 resistance, indicating that lengthier consolidation for the long term downtrend from 0.9504 (Jul 1, 2014 high) is needed. Further rally to 0.7200 area is possible next week. However, as long as 0.7439 key...
The AUD/USD pair went back and forth during the day on Friday, essentially settling on a neutral candle. Ultimately though, it is very likely that we will struggle above, as the previous uptrend line should now be...
